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CFPB Reinstates Pre-COVID Mortgage Servicing Rules

November 18, 2021
Sam Manas
Federal and state regulators, including the CFPB, alerted residential servicers that the agencies will once again be exerting their supervision and enforcement authority when it comes to practices involving borrower communication.
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More Snafus for Better’s SPAC/IPO

November 18, 2021
Paul Muolo
Vishal Garg’s mortgage fintech Better originally thought it would be a public company by yearend. But now? Stay tuned.
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Employers Urged to Draft Vaccination Mandate Plans

November 18, 2021
Monica Hogan
Attorneys are urging companies to communicate how workers must comply with mandates for COVID-19 vaccinations or testing following an emergency temporary standard from the Occupational Safety and Health Administration. The OSHA mandate faces challenges in federal court.
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Grapevine: A Debt Sale and Buybacks for UWM / Wells Looking for a New TPO Chief

November 18, 2021
Paul Muolo
When in doubt, issue debt and repurchase equities. At least that’s what one top-ranked lender is doing. Meanwhile, Wells will soon need a TPO chief.
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Delinquency Rate Ticks Up in Third Quarter as Forbearance Ends

November 11, 2021
Brandon Ivey
Early-stage delinquencies jumped in the third quarter, prompting a quarterly increase in the total past-due rate. Many borrowers that have been in forbearance for 18 months are also reaching the end of their payment holidays. (Includes data chart.)
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Was Zillow a Canary in the F&F Coal Mine?

November 11, 2021
Paul Muolo
The fix-and-flip market is starting to look a little long in the tooth. Right? Maybe for some corporate investors. But for originators of these short-term loans, the grass still looks green.
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Gain-on-Sale Margins Plummet for Nonbanks

November 11, 2021
Dennis Hollier
A report by Fitch Ratings forecasts a sharp drop in originations and declining GOS margins that will put pressure on earnings for smaller nonbank lenders.
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Compensation Drops for Loan Officers in the Third Quarter

November 11, 2021
Monica Hogan
Loan officers’ commissions decreased 17% year-over-year during the third quarter, driven by a hefty 37% drop in refinance commissions.
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Cenlar’s Clients Weigh Their Options in Wake of OCC Action

November 11, 2021
Paul Muolo
After settling OCC charges on how it manages subservicing risk, Cenlar faces the possibility some of its clients might bolt for the competition. But will they?
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Two Lenders Named in Racial Discrimination Complaint

November 11, 2021
Sam Manas
A consumer advocacy group with a high profile filed complaints against Movement Mortgage and Fairway Independent for lending violations under the Fair Housing Act.
Read More
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Latest Imf News

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Featured Data

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